Dan Tenenbaum, veteran real estate investor and former commissioner for the Housing Authority of the City of Los Angeles (HACLA) discusses the complexities of affordable housing and real estate development in Los Angeles with Taylor Avakian. In this episode, we uncover the challenges facing apartment owners, developers, and real estate investors in navigating LA’s housing market.
From the impact of rent control policies and the controversial Measure ULA ("Mansion Tax") to the opportunities presented by Project Homekey, this episode dives into the pressing issues shaping the Southern California housing landscape. We also discuss the hurdles of Section 8 housing, skyrocketing development costs, and how LA’s unique real estate dynamics affect investment strategies.
Whether you're a seasoned developer or new to real estate investing, this episode offers valuable insights and practical tips to thrive in the face of LA’s housing crisis.
0:00–2:30 - Introduction to "No Vacancy" and Los Angeles Apartment Market
2:31–6:45 Dan Tenenbaum’s Journey to Los Angeles and Multifamily Real Estate Beginnings
6:46–10:20 Growing a Multifamily Apartment Portfolio in Southern California
10:21–14:50 How Dan Tenenbaum Became Involved in Affordable Housing in Los Angeles
14:51–20:15 Innovative Affordable Housing Initiatives by HACLA in Southern California
20:16–26:40 Overcoming Affordable Housing Challenges in Los Angeles and Beyond
26:41–32:10 The Role of Upzoning and Market Dynamics in Southern California Apartments
32:11–36:00 Advocacy and California Apartment Association’s Role in Housing Policy
36:01–41:30 The Impact of Measure ULA on Los Angeles Multifamily Housing
41:31–47:15 Challenges of Rent Control Policies for Los Angeles Apartment Owners
47:16–51:50 Section 8 Housing and Vouchers: Risks and Rewards in Southern California
51:51–57:30 Revitalizing the Historic Synagogue in Boyle Heights for Community Development
57:31–1:01:00 Future Opportunities in Los Angeles Multifamily Real Estate
1:01:01–End Closing Remarks: Solving the Southern California Housing Crisis
Connect with me:
Website: https://www.thegroupcre.com/
Email: taylor@thegroupcre.com
X: https://x.com/TAYVAY_
LinkedIn: https://www.linkedin.com/in/tayloravakian/
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